Repairs To Avoid When Rehabbing Houses
When you buy a fixer upper home, you can expect it to need repairs
. In the first place, thats mainly the reason why it is undervalued and why you bought it for rehabbing. However, there are repairs that could bust your budget. These are major and the ones that you should avoid as much as possible when buying a fixer upper home.One repair you must shun is the total roof replacement. While replacing some shingles wont be much of a hassle, replacing the whole roof can cost you a fortune! Rehabbing is really rewarding and could give you a massive rate of return. But if you replace roofs regularly in your projects, you will notice a drastic drop in you profits.
To prevent this from happening, be sure to hire a professional home inspector when checking out homes. If you know someone who specializes in roofs, contacting him will also help. When you inspect the property, ask the owner how long the roof has been in place. Depending on material used, a roof can usually stay in relatively good condition for about 20 years. If its older than that, be wary. If it has undergone more than three patch-overs, be wary too. Inside, check the ceiling of the fixer upper home. Water stains indicate possible roof holes and leaks.
You must also refrain, if possible, from structural problems. These are damages on the structure or the foundation of the house. Look at the beams and walls. Are there massive cracks on concrete? These indicate a possible structural problem. Have your inspector check them out and see whether you would need to make some major repairs. These kinds of repairs are costly, tedious, and time-consuming. They may slow down your project and eat up your budget so be extra careful when buying homes with these kinds of damages.
Another major problem is soil toxicity. How will you know if the house has this kind if problem? Get the propertys engineering report from local authorities and that will state whether it is suffering from soil toxicity and mold. By the way, mold problems are also a headache.
There are other major repairs you must avoid when rehabbing houses. For more information about repairs, rehabbing, and other topics on real estate investing, visit rehab-real-estate.com. The site is specifically designed to educate beginners in the field of real estate investing.
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